Pune, India, Oct. 05, 2022 (GLOBE NEWSWIRE) -- MarketStudyReport recently added report, global cooking robots market is estimated to exhibit a 15% CAGR during 2022-2028.
Moreover, the document elaborates further on several segments including robot type, end-user ambit, and application spectrum. The report also presents the regions impacting the income potential along with the competitive structure of the business sphere. The information is poised to offer ways to gain a substantial level of profitability for investors and other stakeholders who are looking to venture into this vertical.
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The rising demand for professional robots & cobots in the HoReCa (hotels, restaurants, & cafes) segment, expanding innovations & initiatives, and the increasing demand for professional service robots across the food service industry due to their benefits such as continuous uptime of over 100,000 hours as well as cloud connectivity are some of the chief factors propelling the overall market growth.
Furthermore, technological advancements in the food business have supported a significant increase in robot installations, the ability of robots to assist in the cooking process in the food & beverage sector, and rising food safety laws are expected to fuel worldwide cooking robot market in the approaching years.
Segmental Outline:
Based on robot type, the market is segmented into SCARA, 6-axis, cartesian, cylindrical, and others. Out of these, the SCARA segment is estimated to witness a healthy CAGR during the analysis period, owing to being commonly used for collecting and assembling operations that need high precision and agility.
Moving on to the application spectrum, the market is bifurcated into desserts, pizza, coffee & cocktails, burgers & sandwiches, and others.
As per the end-user terrain, the industry is segmented into residential and commercial (cafes, fine dining restaurants, quick service restaurants, and others). Of these, the commercial segment is estimated to hold a prominent share in worldwide cooking robots market over the study period, attributed to the increased work efficiency, computerized controls over culinary parameters, elimination of human interference, modifications as per customer requirements, and uniformity.
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Regional Overview:
Credible researchers claim that North America market is projected to be a lucrative avenue over the forecast period, ascribed to the rising incorporation of automation trends in the food processing sector, the growing number of fast restaurants, food vendors, drive-ins, fast-food outlets, and the surging popularity of ghost or virtual kitchens across the region.
Competitive Landscape:
Briggo Inc., Kingclean Electric Co. Ltd., Tahi Technologies Inc. (Else Labs Inc.), Euphotic Labs (Let's Nosh), Vesta Cooking Robot Co. Limited, Nymble Labs Private Ltd., Creator, Karakuri Ltd., Chowbotics Inc., Wilkinson Baking Company, Cafe X Technologies Limited, Picnic Works Inc., Moley Services UK Ltd., Mechanical Chef, and Miso Robotics Inc. are the leading companies operating in the global cooking robots industry.
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Global Cooking Robots Market, By Robot Type (Revenue, USD Million, 2019-2028)
- Cartesian
- SCARA
- 6-Axis
- Cylindrical
- Others
Global Cooking Robots Market, By End-User Terrain (Revenue, USD Million, 2019-2028)
- Residential
- Commercial
- Cafes
- Fine Dining Restaurants
- Quick Service Restaurants
- Others (Ghost Kitchens)
Global Cooking Robots Market, By Application Spectrum (Revenue, USD Million, 2019-2028)
- Desserts
- Pizza
- Coffee & Cocktails
- Burgers & Sandwich
- Others (Pasta)
Global Cooking Robots Market, Regional Landscape (Revenue, USD Million, 2019-2028)
North America
- US
- Canada
Latin America
- Mexico
- Brazil
- Rest of Latin America
Asia Pacific
- Association of Southeast Asian Nations (ASEAN)
- Australia
- South Korea
- India
- China
- Japan
- Rest of Asia Pacific
Western Europe
- Nordic
- Benelux
- Italy
- Spain
- France
- UK
- Germany
- Rest of the Western Europe
Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
Middle East & Africa
- Turkey
- South Africa
- GCC
- Rest of MEA
Global Cooking Robots Market, Competitive Sphere (Revenue, USD Million, 2019-2028)
- Briggo Inc.
- Kingclean Electric Co. Ltd.
- Tahi Technologies Inc. (Else Labs Inc.)
- Euphotic Labs (Let's Nosh)
- Vesta Cooking Robot Co. Limited
- Nymble Labs Private Ltd.
- Creator
- Karakuri Ltd.
- Chowbotics Inc.
- Wilkinson Baking Company
- Cafe X Technologies Limited
- Picnic Works Inc.
- Moley Services UK Ltd.
- Mechanical Chef
- Miso Robotics Inc.
TABLE OF CONTENTS:
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players' expenditures, economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter's Five Forces Analysis
7. Rules & Regulations
8. Global and Regional Market Dynamics
9. Global Cooking Robots Market: Key Investment Analysis
Robust assessment of major investments made by various industry players along with key application areas, technological assessment, and key end-use sector
10. Pricing Analysis
11. Market Spending & Use Case Analysis
Robust assessment of various use cases of cooking robots across a range of applications along with spending made by end-users on the product
12. Key Funding Assessment
13. Parent Market Overview: Global Robotics Market
14. Segmental Analysis
15. Regional Analysis
16. Competitive Landscape
Related Report:
Global Service Robots Market 2022 by Manufacturers, Regions, Type and Application, Forecast to 2028
According to our latest study, due to COVID-19 pandemic, the global Service Robots market size is estimated to be worth US$ 15390 million in 2021 and is forecast to a readjusted size of USD 49560 million by 2028 with a CAGR of 18.2% during review period. Household Robots accounting for % of the Service Robots global market in 2021, is projected to value USD million by 2028, growing at a % CAGR in next six years. While Surgical Robots segment is altered to a % CAGR between 2022 and 2028. Global key manufacturers of Service Robots include Intuitive Surgical, IRobot, Dyson, Neato Robotics, and Sharp, etc. In terms of revenue, the global top four players hold a share over % in 2021.
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